Monday, November 24, 2008

Governments are small and money is sound 2108!

It is an excellent musings about the AustrianSchool of Economics

S.J. Mastywrites "Thanksgiving Friday, 2108 – Will America survive economic meltdown? To find out, we tookour time machine100 years into the future to Auburn, Alabama, home ofThe Ludwig von Mises Instituteand the new national shrine.

Lew Rockwell founded his institute 126 years ago in 1982. Brought back to life by cloning, he pointed atFriedrich Hayekstruggling to light the barbeque. The Nobel laureate looked surprisingly spry at 209, but that’s science for you.

In 2042, government-issued money was replaced by Hayek’s idea of competing private currencies. "It ended financial manipulation and crooked tricks by which government spent money it did not have," Rockwell explained".